What Information is Provided in Chipotles Basic Financial Statements? Activity provided by Dr. Wendy Titz, Accounting in the Headlines Using the following link, review the financial statements for Chipotle and answer the questions below. 1. What form of business organization is Chipotle's? a. How do you know? Chipotle is a corporation. In the financial statement says "Chipotle Mexican Grill, Inc." The incorporated means it is a corporation. 2. Identify the line item that flows from the income statement to the statement of retained earnings. 3. Identify the line item that flows from the statement of retained earnings to the balance sheet. 4. Identify the line item that flows from the balance sheet to the statement of cashflows. 5. Did Chipotle's have net income of net loss for 2021? a. Over what time period was this amount earned? 6. Write the accounting equation for Chipotle's as of December 31, 2021 (include balances to show that the equation does in fact balance).

What Information is Provided in Chipotles Basic Financial Statements? Activity provided by Dr. Wendy Tietz, Accounting in the Headlines Using the following link, review the financial statements for Chipotle and answer the questions below. 1. What form of business organization is Chipotle's? a. How do you know? Chipotle is a corporation. In the financial statement says "Chipotle Mexican Grill, Inc." The incorporated means it is a corporation. 2. Identify the line item that flows from the income statement to the statement of retained earnings. 3. Identify the line item that flows from the statement of retained earnings to the balance sheet. 4. Identify the line item that flows from the balance sheet to the statement of cashflows. 5. Did Chipotle's have net income of net loss for 2021 ? a. Over what time period was this amount earned? 6. Write the accounting equation for Chipotle's as of December 31, 2021 (include balances to show that the equation does in fact balance)